GuideMeSingapore.com Launches Updated Singapore Tax Calculator

Online, August 17, 2011 (Newswire.com) - Singapore-GuideMeSingapore.com (www.guidemesingapore.com) one of the leading informational portals for entrepreneurs interested in doing business in Singapore has launched an updated version of their Singapore Tax Calculator. The tax calculator which is available on their website for free can be used by any business owner or financial planner to easily and accurately calculate the tax obligation of a company in Singapore.

The tool originally launched by GuideMeSingapore.com last year was quite popular not just with existing companies in the country but also amongst those foreign entrepreneurs who wanted to find out their potential tax obligations in Singapore for a similar business to their current company. By providing all required information in the tax calculator, foreign entrepreneurs can find out the exact tax liability in Singapore for their current income in their home country. This allows these entrepreneurs to study whether relocating their business would have tax benefits or not. Typically Singapore is known for its liberal taxation policies and has the second lowest corporate taxation rate in Asia. The country also provides a number of other tax benefits to new startups in the country such as zero tax for income up to SGD $100,000 for each of the first three years the company is in operation.

The Singapore Tax Calculator launched by GuideMeSingapore.com takes into account all permissible expenses, tax incentives, current revenue and a whole lot of other parameters to accurately provide the exact tax liability of a company. Financial planners can also use the site to project possible tax obligations by using the expected revenue of a business for the rest of the year. The calculator also takes into account any amendments in the existing taxation laws by the government of Singapore and provides accurate output for the current financial year. The Singapore tax calculator can be availed free of cost from anywhere in the world by logging into the GuideMeSingapore.com website.